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Summary of Provisions That Would Change the Social Security Program

Description of Proposed Provisions:
Cost of Living Adjustment

Estimates based on the intermediate assumptions of the 2005 Trustees Report

  Change from present law Results with this provision
Long-range
actuarial
balance
Annual
balance in
75th year
Long-range
actuarial
balance
Annual
balance in
75th year
Present Law, Alternative II.
-1.92 -5.70
A1 Beginning December 2006, reduce cost-of-living adjustment for OASDI benefits by 1 percentage point.
graph | table | pdf-graph | pdf-table
1.49 2.30 -0.44 -3.41
A2 Beginning December 2006, reduce cost-of-living adjustment for OASDI benefits by 0.5 percentage point.
graph | table | pdf-graph | pdf-table
0.76 1.20 -1.16 -4.50
A3 Beginning December 2006, use the "superlative" (or "chained") CPI for COLAs, estimated to reduce the COLA by 0.22 percentage point.
graph | table | pdf-graph | pdf-table
0.34 0.54 -1.58 -5.16
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Last reviewed or modified Tuesday Dec 11, 2007